FORT WAYNE, Ind. (Inside INdiana Business) — The development team behind the Electric Works mixed-use innovation district in downtown Fort Wayne are set for a major announcement Thursday afternoon. Officials will announce the company that will serve as the anchor for the $440 million redevelopment of the former General Electric campus.
Governor Eric Holcomb and Fort Wayne Mayor Tom Henry will be on hand for the announcement, along with other regional and local leaders.
Plans for the massive project have been in place for more than three years. In September, developer RTM Ventures said it had secured commitments for more than 250,000 square feet of space, which includes the master lease of the Electric Works Innovation Center and food hall and public market.
Late last month, the development team sought an extension of its economic development agreement with various city and county agencies for $62 million in public funding. If approved by each agency, RTM Ventures would have until April 30 to secure private financing commitments, with a closing date no later than June 30.
Mayor Henry has given his support of the extension, which has also been approved by the city’s redevelopment commission and the Allen County Fort Wayne Capital Improvement Board.
Inside INdiana Business will be on hand for the announcement. We’ll have more in Thursday afternoon’s INside Edge and Friday’s Morning Briefing e-newsletters, as well as this weekend’s edition of Inside INdiana Business with Gerry Dick, which airs on WISH-TV Sunday morning at 10.